Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.020%

Price spread now: Lighter against Aster+0.029%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.029%, 7d avg −0.032%

Together, before fees−0.018%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.062% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	257.07	0	get 0.0000% / 8h	2h 11m	$310K	$331K	50x
Short	Lighter MRVL	257.15	0.0032	get 0.0004% / 1h	11m 37s	$91K	$219K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee LighterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $6.72
Price spread: +0.029% → −0.032%: $6.17
Slippage, 4 orders: −$52.76
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$47.87
Costs to cover: 0.608%
Break-even: 56.9 days

Slippage from Aster: live order book, 10 min ago; Lighter: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 10 min ago	2.33 bp	18.7 bp −$19	1045.7 bp −$10.5K	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	1.95 bp	5.1 bp −$5	13.7 bp −$137	24.9 bp −$2,492	doesn't fit

MRVL on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	−0.0002%	8h	257.02	−0.021%	$376K	$172K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	257.07	long leg	$310K	$331K	50x
Extended MRVL-USD	0.0000%	1h	257.16	+0.035%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.16	+0.032%	$24.0M	$115.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.02	−0.021%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.12	+0.018%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.22	+0.056%	$5.5M	$9.9M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.12	+0.018%	$5.6M	$16.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.19	+0.046%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.29	+0.084%	$399	$249K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	257.15	+0.029%	$2K	$7.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.96	−0.045%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.13	+0.021%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	257.13	+0.021%	$597	$55K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	257.15	+0.029%	$91K	$219K	10x
Arcus MRVL-USD	+0.0040%	1h	256.94	−0.052%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.19	+0.045%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.39	+0.123%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.98	−0.037%	$14.1M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.13	+0.021%	$298	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.94	−0.052%	$584K	$937K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	257.12	+0.018%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.00	−0.029%	$509K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.08	+0.002%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.12	+0.018%	$2K	$3K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0104%	1h	257.28	+0.080%	$106K	$64K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.15	+0.028%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0112%	1h	257.13	+0.021%	$317K	$890K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	257.07	−0.002%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	259.72	+1.029%	$11K	$609	12x	as long as short
Nado MRVL-PERP	+0.0415%	1h	256.95	−0.050%	$509K	$66K	10x	as long as short
edgeX MRVLUSDC	+0.0599%	4h	257.19	+0.045%	$36K	$369K	10x	as long as short